Ethelbert Inc. has sales of $5,276, total assets of $3,105, and a debtequity ratio of 1.40. If

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Ethelbert Inc. has sales of $5,276, total assets of $3,105, and a debt–equity ratio of 1.40. If its return on equity is 15 percent, what is its net income?

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Fundamentals of Corporate Finance

ISBN: 978-0071051606

8th Canadian Edition

Authors: Stephen A. Ross, Randolph W. Westerfield

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Question Posted: Jun 24, 2019 09:01 AM

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Y3K, Inc., has sales of $5,276, total assets of $3,105, and a debt-equity ratio of 1.40. If its return on equity is 15 percent, what is its net income?
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Ethelbert Inc. has sales of $5,276, total assets of $3,105, and a debtequity ratio of 1.40. If

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Fundamentals of Corporate Finance

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